ELUMEO SE Quarterly Release
Q1/2021
elumeo SE | Quarterly Release Q1/2021 | Table of Contents | | 1 |
Table of Contents | |
Earnings, Assets and Financial Position................................................................................................. | 5 |
Supplementary Report ............................................................................................................ | 7 |
Risk and Opportunity Report.................................................................................................. | 7 |
Forecast Report........................................................................................................................ | 7 |
Condensed Interim Consolidated Financial Statements .................................................... | 8 |
Consolidated Statement of Income and Consolidated Statement of Comprehensive Income 8 | |
Consolidated Statement of Financial Position..................................................................................... | 9 |
Consolidated Statement of Changes in Equity.................................................................................. | 11 |
Consolidated Statement of Cash Flows.............................................................................................. | 12 |
Imprint ..................................................................................................................................... | 13 |
2 | | elumeo SE | Quarterly Release Q1/2021 | Key Figures Q1/2021 |
Key Figures Q1/2021
Q1 2020 | ||||||||
EUR thousand | Q1 2021 | QoQ | ||||||
[unless indicated otherwise] | in % | |||||||
Revenue | 13,208 | 100.0% | 10,330 | 100.0% | 27.9% | |||
[The following disclosures represent: | ||||||||
absolute values and in % of revenue] | ||||||||
Gross profit | 7,210 | 54.6% | 4,635 | 44.9% | 55.5% | |||
EBITDA | 1,074 | 8.1% | -1,041 | -10.1% | 203.1% | |||
Adjusted-EBITDA | 1,029 | 7.8% | -1,081 | -10.5% | 195.2% | |||
Depreciation and amortisation | 232 | 1.8% | 239 | 2.3% | -2.8% | |||
EBIT | 842 | 6.4% | -1,320 | -12.8% | 163.8% | |||
Total comprehensive income | 792 | 6.0% | -1,341 | -13.0% | 159.1% | |||
Selling and administrative expenses | 6,475 | 49.0% | 5,998 | 58.1% | 7.9% | |||
[absolutely and in % of balance sheet total] | ||||||||
Total assets 1 | 20,327 | 100.0% | 21,164 | 100.0% | -4.0% | |||
Total equity 1 | 5,141 | 25.3% | 4,346 | 20.5% | 18.3% | |||
[absolutely and in % of balance sheet total] | ||||||||
Working capital 1 | 4,920 | 24.2% | 4,142 | 19.6% | 18.8% | |||
[absolutely and in % of balance sheet total] | ||||||||
1 Prior year disclsoure: 31 Dec 2020 | ||||||||
[The following disclosures represent: | ||||||||
absolute values and in % of revenue] | ||||||||
Net cash flow from operating activities | 253 | 1.9% | 278 | 2.7% | -9.0% | |||
Net cash flow from investing activities | -107 | -0.8% | -81 | -0.8% | -31.8% | |||
Net cash flow from financing activities | -99 | -0.8% | -527 | -5.1% | 81.2% | |||
Items sold [pieces] | 145,839 | 147,162 | -0.9% | |||||
Average sales price (ASP) [EUR] | 91 | 70 | 29.0% | |||||
Gross profit per item sold [EUR] | 49 | 31 | 57.0% | |||||
New customer breakdown (Germany only) | ||||||||
[in % of new customers] | ||||||||
TV only | 13% | 25% | -11.5 p.p. | |||||
Web only | 76% | 63% | 13.5 p.p. | |||||
Others | 10% | 12% | -1.9 p.p. | |||||
elumeo SE | Quarterly Release Q1/2021 | | | 3 |
Capital Market Information
Basic data and key figures on the share of elumeo SE
(Status: 31 March 2021)
WKN
ISIN
Earnings per share in Q1 2021
Number of shares outstanding
XETRA closing price at the end of the reporting period
Market capitalisation
A11Q05
DE000A11Q059EUR 0.15 5,500,000
EUR 7.40
EUR 40.7 million
Share price development
(1 January to 31 March 2021: XETRA, in EUR)
Shareholder structure
(Status: 31 March 2021) | Shareholdings | |
1. | Blackflint Ltd. | 26.66% |
2. | Ottoman Strategy Holdings (Suisse) SA | 26.23% |
3. | Universal Investment | 10.01% |
4. Members of the Executive Board | 10.83% | |
5. | Free float | 26.26% |
4 | | elumeo SE | Quarterly Release Q1/2021 | |
Publication of Results Q1/2021
Principles
The principles and methods of the elumeo Group described in the Annual Report for financial year 2020 which ended on 31 December ("Annual Report 2020") remain valid.
General information and comparability of disclosures
This Quarterly Release covers the period from 1 January to 31 March 2021 ("3M 2021"). The changes in the period comparison are referred to as three-month period to three-month period ("3Mo3M") or quarter to quarter ("QoQ").
Explanation of alternative performance indicators
The elumeo Group uses alternative performance measures ("APMs") in its regulatory and mandatory publications that are not regulated in the applicable International Financial Reporting Standards ("IFRSs"). For further information on the definition, use and limitations of the usability of the alternative performance measures, the accounting methods used and the reconciliations, please refer to https://www.elumeo.com/ir/publications/explanation-alternative-performance-measures.
Business Development
In the three-month period of 2021, the economic development of the elumeo Group was characterised by the following key events:
The elumeo Group continued its positive business development. Revenues increased QoQ by 28% from EUR 10.3 million to EUR 13.2 million, gross profit increased above average by 56% from EUR 4.6 million to EUR 7.2 million and EBIT from EUR -1.3 million to EUR 0.8 million.
The main driver here is the classic web shop, whose sales increased by 41%, gross profit increased by 81%. The performance of our TV business improved either, sales increased by 29% (based on merchandise data).
Selling expenses in the first quarter of 2021 increased by 4.8%. The reductions are mainly due to higher investments in Online-Marketing. Administrative expenses increased QoQ by 16.3%, mainly due to higher legal advice costs and maintenance measures for our warehouse.
Other operating income mainly includes income from exchange rate differences and from the sale of assets.
Total adjusted EBITDA improved from EUR -1.1 million to EUR 1.0 million.
The consolidated net result developed from EUR -1.3 million in the first quarter of 2020 to EUR 0.8 million in the first quarter of 2021.
Explanations of the individual financial ratios are provided in the following sections.
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elumeo SE published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 06:25:04 UTC.
